| Page | |||
|---|---|---|---|
| Reference and administrative | information | ||
| Trustees' report |
4-8 | ||
| Statement ofTrustees' | responsibilities | ||
| Independent auditors' |
report | 10-12 | |
| Statement offinancial |
activities | 13-14 | |
| Balance sheet | |||
| Cash flow statement | |||
| Notes to the cash flow | statement | 17 | |
| Notes to the accounts | 18-28 |
| Unrestricted | Designated | Restricted | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| Notes | 6 | 6 | 6 | E | F | ||||
| income from: | |||||||||
| Donations | 202,638 | 27,795 | 230,333 | 345,607 | |||||
| Investment income |
32,526 | 32,526 | 45,274 | ||||||
| Charitable activities |
136,712 | 136,712 | 67,052 | ||||||
| Other trading income |
6,383 | 6,393 | |||||||
| Total income | 378,169 | 27,795 | 405,964 | 457,933 | |||||
| Expenditure | |||||||||
| Raising funds | |||||||||
| Investment management |
costs | 24,754 | 24,754 | 1,203 | |||||
| Charitable activities |
|||||||||
| SKT operations | 52,138 | 52,138 | 46,593 | ||||||
| Enterprise hub |
154,224 | 154,224 | 158,923 | ||||||
| The Granville | 150,714 | 150,714 | 159,023 | ||||||
| Community engagement |
33,523 | 25,330 | 58,853 | 74,164 | |||||
| Youth Provision | 29,125 | 29,125 | 69,206 | ||||||
| Employment | 22,401 | 22,401 | 23,247 | ||||||
| 442,125 | 25,330 | 467,455 | 531,156 | ||||||
| Total expenditure | 465,878 | 25,330 | 492,209 | 532,359 | |||||
| Net expenditure | |||||||||
| before transfers | (88,710) | 2,465 | (88,245) | (74,426) | |||||
| Transfers | |||||||||
| Gross-transfers between |
funds | 14 | 100,000 | (100,000) | |||||
| Other recognised | gains | and losses | |||||||
| Gain on investment | properties | 90,950 | 90,950 | ||||||
| Net income I(expenditure) | for the period | 11,290 | (9,050) | 2,465 | 4,705 | (74,426) | |||
| Continued |
| Reconciliation | ofFunds | ofFunds | |||||
|---|---|---|---|---|---|---|---|
| Fund balances | brought | forward | |||||
| at 1 April 2021 | 21,440 | 4,150,000 | 112,457 | 4,283,897 | 4,358,323 | ||
| Fund balances | carried | forward | |||||
| at 31 March 2022 | 32,730 | 4,140,950 | 114,922 | 4,288,602 | 4283897 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 5 | |||||||
| Fixed assets | ||||||||
| Tangible assets | 7,094 | 4,280 | ||||||
| 7,094 | 4,280 | |||||||
| Current assets | ||||||||
| Debtors | 11 | 48,248 | 77,767 | |||||
| Investment | 10 | 1,030,950 | 940,000 | |||||
| Cash at bank and in hand | 3,258,119 | 3,344,650 | ||||||
| 4,337,317 | 4,362,417 | |||||||
| Creditors: amounts | falling | due within | ||||||
| one year | 12 | (ss,sog) | (82,800) | |||||
| Net current assets | 4,281,508 | 4,279,617 | ||||||
| Total assets less current | liabilities | 4,288,602 | 4,283,897 | |||||
| Funds | ||||||||
| Restricted income funds |
13 | 114,922 | 112,457 | |||||
| Unrestricted funds: |
||||||||
| Designated funds (including |
revaluation | |||||||
| reserves of6410,855, 2021 | F319,915)) | 14 | 4,140,950 | 4,150,000 | ||||
| Other charitable funds |
32,730 | 21,440 | ||||||
| Total charity funds | 4,288,602 | 4,283,897 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | f | ||||||
| Net cash | (outflow)/inflow | from operating | ||||||
| activities | (83,724) | 102,285 | ||||||
| Returns | on investments | and | servicing of | |||||
| finance | ||||||||
| Interest received | 1,326 | 3,674 | ||||||
| Net cash | Inflow from returns | on | ||||||
| investments and servicing offinance |
1,326 | 3,674 | ||||||
| Capital expenditure | ||||||||
| Payments | to acquire tangible fixed assets | (4,133) | ||||||
| Net cash | outflow from capital | |||||||
| expenditure | (4,133) | |||||||
| (Decrease)/increase in |
cash | (86,631) | 105.959 |
| a | Net cash (ouNow)/inflow from operating |
activities forthe period | activities forthe period | 2022 | 2021 |
|---|---|---|---|---|---|
| Changes in resources before revaluations |
(86,245) | (74,426) | |||
| Interest receivable | (1,326) | (3,674) | |||
| Depreciation oftangible fixed assets |
1,319 | 1,918 | |||
| Loss on disposal ofassets | 8,596 | ||||
| Movement in debtors |
29,519 | 164,202 | |||
| Movement in creditors |
(26,991) | 7,869 | |||
| (83,724) | 102,285 | ||||
| b | Reconciliation of net cash flow to movement | in net funds | 2022 | 2021 | |
| f | f | ||||
| (Decrease)/increase in cash |
(86,531) | 105,959 | |||
| Net funds at 1 April 2021 | 3,344,650 | 3,238,691 | |||
| Net funds at 31 March 2022 | 3,258,119 | 3,344,650 |
| Unrestricted | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2022 | 2021 | ||
| E | 8 | E | E | |||
| Donations | 163,219 | 163,219 | 228,028 | |||
| Grant income | 27,785 | 27,795 | 59,725 | |||
| Government | grant- | |||||
| Coronavirus | Job Retention | |||||
| Scheme | 8,956 | 8,956 | 57,854 | |||
| Kick Start Scheme | 12,363 | 12,363 | ||||
| I ondon Borough ofBrent |
||||||
| Restart Grant | 18,000 | 18,000 | ||||
| 202,538 | 27,795 | 230,333 | 345,607 |
| Unrestricted | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2022 | 2021 | ||
| E | E | E | E | E | ||
| Rentai | income | 31,200 | 31,200 | 41,600 | ||
| Interest | receivable | 1,326 | 1,326 | 3,874 | ||
| 32,526 | 32,526 | 45,274 |
| 4 | Analysis | ofexpenditure | on charitable activities |
||
|---|---|---|---|---|---|
| Charitable | activities | Activities | Support costs | Total | |
| undertaken | |||||
| directly | |||||
| 2022 | 2022 | 2022 | |||
| SKTOperations | 13,638 | 38,502 | 52,138 | ||
| Enterprise | hub | 35,293 | 118,931 | 154,224 | |
| The Granville | 32,776 | 117,938 | 150,714 | ||
| Community | engagement | 9,094 | 49,759 | 58,853 | |
| Youth provision | 14,390 | 14,734 | 29,125 | ||
| Employment | 3,374 | 19,028 | 22,401 | ||
| 108,563 | 358,892 | 467,455 | |||
| 2021 | 137,246 | 393,910 | 531,156 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Governance | 20,503 | 21,133 | ||
| Information | technology | 24,338 | 25,230 | |
| Legal and professional fees | 22,472 | 44,637 | ||
| Depreciation/loss | on disposal | 1,319 | 6,514 | |
| Salaries | ~290326 | 294 196 |
| Net incoming resources forthe year |
||
|---|---|---|
| 2022f | 2021 | |
| Net incoming resources for the year are stated after charging: | ||
| Depreciation | 1,319 | 1,918 |
| Auditors remuneration |
||
| -audit services | 4,200 | 4,000 |
| The average |
monthly number ofemployees during |
the year was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Management | |||
| Administration | |||
| Services &operations | |||
| Employment | costs | 2022f | 2021 f |
| Wages and salaries | 265,657 | 270,989 | |
| Social security | costs | 13,012 | 19,810 |
| Pension costs | 11,658 | 12,604 |
| angible hxed | assets | |||
|---|---|---|---|---|
| Fixtures & | Office | Total | ||
| Fittings | Equipment | |||
| Cost | 8 | 8 | ||
| At 1 April 2021 | 3,688 | 2,796 | 6,484 | |
| Additions | 4,133 | 4,133 | ||
| Disposals | ||||
| At 31 March | 2022 | 3,688 | 6,929 | 10,817 |
| Depreciation | ||||
| At 1 April 2021 | 1,023 | 1,181 | 2,204 | |
| Charge for the year | 400 | 919 | 1,319 | |
| Disposals | ||||
| At 31 March | 2022 | 1,423 | 2,100 | 3,523 |
| Net book value | ||||
| At 31 March | 2022 | 2,285 | 4,829 | 7,094 |
| At 31 March | 2021 | 2,665 | 1,615 | 4,280 |
| Current Asset Investments | ||||
| Investment | ||||
| property | ||||
| E | ||||
| Market value | at 1 April 2021 | 940,000 | ||
| Revaluation | in year | 90,950 | ||
| 1,030,950 | ||||
| Historical cost | ||||
| At 31 March | 2022 | 820085 |
| NO | TES TO TH | E AC | COUNTS FOR YEAR ENDED 31 Ma | rch 2022 | |
|---|---|---|---|---|---|
| 11 | Debtors | 2022 | 2021 | ||
| E | E | ||||
| Trade debtors | 11,380 | 42,077 | |||
| Prepayments | and accrued income | 36,888 | 35,690 | ||
| 48,248 | 77,767 | ||||
| 12 | Creditors: amounts | falling due within one year | 2022 | 2021 | |
| Trade creditors | 5,205 | 11,097 | |||
| Other creditors | 10,877 | 5,539 | |||
| Accruals and | deferred income | 39,727 | 66,164 | ||
| 55,809 | 82,600 |
| Movement | In funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Investments | Balance at 31 | |||
| 1 | April 2021 | resources | expended | gains/losses | March 2022 | |||
| E | E | f | E | E | ||||
| Capital/development | 2,050,000 | (100,000) | 90,950 | 2,040,950 | ||||
| Contingency | fund | 100,000 | 100,000 | |||||
| Investment | fund | 2,000,000 | 2,000,000 | |||||
| 4,150,000 | (100,000) | 90,950 | 4,140,950 |
| Analysis of net as | sets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| E | E | E | ||
| Fund balances at | 31 March 2022 are | |||
| represented by: |
||||
| Tangible fixed assets | 7,094 | 7,094 | ||
| Current assets | 4,222,395 | 114,922 | 4,337,317 | |
| Creditors: amounts | falling due within one year | (55,809) | (55,809) | |
| 4,173,680 | 114,922 | 4,288,602 |
| The trust was under the | control ofthe Trustees | throughout | the current and previous | period. | ||
|---|---|---|---|---|---|---|
| 17 | Leasing agreements | 2022 | 2021 | |||
| Minimum lease payments |
under non-cancellabte | operating | leases fall due: | E | E | |
| Within one year | 6,195 | 9,595 | ||||
| Two to five years | 5,195 | |||||
| More than 5years | ||||||
| 6,196 | 14,790 |